Schwab Charles Investment Management Inc. Raises Holdings in MDU Resources Group Inc (MDU)

Schwab Charles Investment Management Inc. grew its holdings in shares of MDU Resources Group Inc (NYSE:MDU) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,018,063 shares of the utilities provider’s stock after purchasing an additional 53,810 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.52% of MDU Resources Group worth $27,366,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDU. Prudential Financial Inc. boosted its position in MDU Resources Group by 55.0% during the third quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock worth $53,776,000 after purchasing an additional 735,440 shares during the period. Citadel Advisors LLC boosted its position in MDU Resources Group by 86.2% during the third quarter. Citadel Advisors LLC now owns 1,576,399 shares of the utilities provider’s stock worth $40,908,000 after purchasing an additional 729,943 shares during the period. First Trust Advisors LP boosted its position in MDU Resources Group by 49.9% during the third quarter. First Trust Advisors LP now owns 1,742,518 shares of the utilities provider’s stock worth $45,218,000 after purchasing an additional 580,276 shares during the period. Janus Henderson Group PLC boosted its position in MDU Resources Group by 4,741.5% during the second quarter. Janus Henderson Group PLC now owns 475,481 shares of the utilities provider’s stock worth $12,458,000 after purchasing an additional 465,660 shares during the period. Finally, Parnassus Investments CA boosted its position in MDU Resources Group by 2.0% during the third quarter. Parnassus Investments CA now owns 15,699,658 shares of the utilities provider’s stock worth $407,406,000 after purchasing an additional 307,876 shares during the period. Hedge funds and other institutional investors own 62.58% of the company’s stock.

A number of equities analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating and set a $28.00 target price on shares of MDU Resources Group in a research report on Friday, October 20th. Zacks Investment Research downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Williams Capital lowered their price target on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, February 8th.

Shares of MDU Resources Group Inc (MDU) opened at $27.22 on Thursday. MDU Resources Group Inc has a fifty-two week low of $24.29 and a fifty-two week high of $28.22. The stock has a market cap of $5,320.00, a PE ratio of 18.77, a PEG ratio of 2.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 1.01.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The firm had revenue of $1.17 billion for the quarter. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. research analysts predict that MDU Resources Group Inc will post 1.38 EPS for the current year.

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MDU Resources Group Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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